Finance
Vol. 4 No. 1 (2026): Volume 4 Nomor 1, Mei 2026

Cryptocurrency sebagai aset digital dalam perspektif maqashid syariah: Analisis antara spekulasi dan investasi halal

Novie Andriani Zakariya (Universitas Sunan Gresik)
Adi Basuki Choirul (Universitas Sunan Gresik)
Kholid Albar (Universitas Sunan Gresik)
Dimas Wahyu Rozaki (Universitas Sunan Gresik)
Mukhamad Roni (Universitas Sunan Gresik)
Syahrul Ulum (Universitas Sunan Gresik)
Mochammad Wafiyul Ahdi (Universitas Islam Negeri Sunan Ampel Surabaya)



Article Info

Publish Date
04 Jun 2026

Abstract

Cryptocurrency has emerged as a digital asset that raises debates in Islamic economics regarding its legality and compliance with Maqasid al-Shariah principles. Previous studies mainly focused on the legal and technical aspects of cryptocurrency, while limited research comprehensively examines it through the Maqasid al-Shariah framework. This study aims to analyze whether cryptocurrency can be categorized as a Shariah-compliant investment or speculative practice prohibited in Islam. This research employs a qualitative approach using library research methods through the analysis of academic literature, fatwas, and relevant documents. The findings indicate that cryptocurrency has the potential to become a Shariah-compliant financial instrument if supported by real economic value, transparent governance, and proper regulation. However, excessive speculation, market volatility, and anonymity remain major challenges that may contradict Islamic principles of wealth protection and social justice. Therefore, a Maqasid-based regulatory and screening framework is needed to ensure cryptocurrency operates in accordance with Shariah values.

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Journal Info

Abbrev

finance

Publisher

Subject

Religion Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Other

Description

Finance: Journal of Accounting and Finance is a journal managed by the Islamic Banking Study Program at Zainul Hasan Genggong Islamic University and in collaboration with the professional organization, the Association of Islamic Economists. with a professional organization, namely the Association of ...